VOL. XXXVIII
NO. 44
31-JULY-1995
OPEC Pricing Reviewed: SDRs Or A Declining US Dollar?
by Toru Tachibana, Senior Economist The Japanese Institute of Middle EasternEconomies
When the value of the US dollar begins to fluctuate, and particularly when itfalls, oil-producing countries become anxious about their oil export revenues,which are usually denominated in US dollars. OPEC exporters are specificallysensitive because they, with the exception of Indonesia at 30%, obtain 80-90% oftheir revenue from...
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